NPR logo

Lackluster Results Force Yahoo! to Make Changes

  • Download
  • <iframe src="https://www.npr.org/player/embed/6585608/6585609" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Lackluster Results Force Yahoo! to Make Changes

Business

Lackluster Results Force Yahoo! to Make Changes

Lackluster Results Force Yahoo! to Make Changes

  • Download
  • <iframe src="https://www.npr.org/player/embed/6585608/6585609" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Internet giant Yahoo! announced a major management overhaul Tuesday. The company, whose name was once synonymous with the Web, now lags behind other icons, like Google, in the search and advertising business.

DEBORAH AMOS, host:

In other business news today, Internet search company Yahoo! has announced its biggest management shakeup in five years. The changes come after a top executive blasted the company for losing its focus. Yahoo!'s stock has fallen more than 30 percent this year. The company's been criticized for becoming too bureaucratic to compete with rivals such as Google.

STEVE INSKEEP, host:

And in Washington, Securities and Exchange Commission officials told members of the Senate Finance Committee yesterday that their insider trading investigation of a major hedge fund was thorough. Senators are concerned that the regulatory agency went too easy on a top executive.

A former SEC official says the agency stopped him from issuing a subpoena to the CEO of the Wall Street giant Morgan Stanley because of the executive's political connections.

Copyright © 2006 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

We no longer support commenting on NPR.org stories, but you can find us every day on Facebook, Twitter, email, and many other platforms. Learn more or contact us.